[Update: Price cut in Canada] Essential Phone becomes cheaper, now available for $499

UPDATE November 3, 23:48 ISTThe price of Essential Phone on Telus has been slashed by $400 in Canada. The PH-1 can now be bought for $650 from Telus with no term pricing. You can find the listing of PH-1 on Telus' website here. The original article follows.Andy Rubin's Essential Products has announced a massive and permanent price cut of $200 of its first smartphone, just two months after it shipped the phone to customers.The Essential phone is now priced at $499, down from the launch price of $699. At the revised price, the Essential Phone can be purchased from Essential.com. Additionally, customers who already own an Essential Phone, Essential is offering a $200 friends & family code, which can be used towards Essential 360 Camera or another Essential phone.To recap, the Essential phone boasts bezel-less design, dual-cameras, and modular attachments like a 360-degree camera. The specs include 5.7-inch QHD display, Snapdragon 835 Mobile Platform, 4GB RAM, 128GB internal storage, 13MP dual cameras, 8MP selfie camera, NFC, USB Type-C port, fingerprint scanner, and 3040mAh battery. It runs Android Nougat and is expected to get Android Oreo soon.